| association of southeast asian nations | |
noun | |
| an association of nations dedicated to economic and political cooperation in southeastern Asia and who joined with the United States to fight against global terrorism |
Association of Southeast Asian Nations - ASEAN
An organization of countries in southeast Asia set up to promote cultural, economic and political development in the region. ASEAN was officially formed in 1967 with the signing of the Bangkok Declaration.
Investopedia Commentary
The original five members included Indonesia, Malaysia, Philippines, Singapore, and Thailand. Since its formation, ASEAN has been growing slowly, and more countries in the region have gained membership. Through co-operation the goal of the organization is to increase the welfare of the people in the region, both economically and culturally.
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Also spelled: ASEAN